$640M in BTC Options Set to Expire Today; Another Big Boost?
The post $640M in BTC Options Set to Expire Today; Another Big Boost? appeared on BitcoinEthereumNews.com. Greeks Live data shows that Bitcoin options worth around $640 million will expire today. The platform said the maximum pain point for the Bitcoin options is $28,000, nearly $1,900 lower than current spot prices. Greeks Live stated that “a big market could be just around the corner after such a long bear market.” Trading tool solution provider Greeks Live reported that Bitcoin options worth around $640 million would expire on Friday, October 20. Bitcoin, the world’s largest cryptocurrency, has seen a massive rebound lately, with the price teetering on the edge of $30k. Oct 20 Options Data23,000 BTC options are about to expire with a Put Call Ratio of 0.82, a max pain point of $28,000 and a notional value of $640 million.210,000 ETH options are about to expire with a Put Call Ratio of 0.84, a max pain point of $1,600 and a notional value of… pic.twitter.com/B82dJNmVAN — Greeks.live (@GreeksLive) October 20, 2023 Greekslive said the put/call ratio on October 20 for Bitcoin options expiry is 0.82, with a notional value of $640 million. That means there are more sellers of long contracts than shorts. The options tracker continued that the maximum pain point for the Bitcoin options is $28,000, over $1,900 lower than current spot prices based on current market value. While commenting on Bitcoin options expiry, Greeks Live said Bitcoin continues to lead the market. The platform claimed that the “put share of BTC options is significantly lower, and market sentiment has turned significantly better.” Per the post, the data tracker noted the recent positive stirs within the options market. “Especially in the last two days, the options market picked up significantly as giant whales started to add to their forward call positions,” Greeks Live tweeted. Furthermore, it mentioned that the implied volatility of all major terms…
The post $640M in BTC Options Set to Expire Today; Another Big Boost? appeared on BitcoinEthereumNews.com.
Greeks Live data shows that Bitcoin options worth around $640 million will expire today. The platform said the maximum pain point for the Bitcoin options is $28,000, nearly $1,900 lower than current spot prices. Greeks Live stated that “a big market could be just around the corner after such a long bear market.” Trading tool solution provider Greeks Live reported that Bitcoin options worth around $640 million would expire on Friday, October 20. Bitcoin, the world’s largest cryptocurrency, has seen a massive rebound lately, with the price teetering on the edge of $30k. Oct 20 Options Data23,000 BTC options are about to expire with a Put Call Ratio of 0.82, a max pain point of $28,000 and a notional value of $640 million.210,000 ETH options are about to expire with a Put Call Ratio of 0.84, a max pain point of $1,600 and a notional value of… pic.twitter.com/B82dJNmVAN — Greeks.live (@GreeksLive) October 20, 2023 Greekslive said the put/call ratio on October 20 for Bitcoin options expiry is 0.82, with a notional value of $640 million. That means there are more sellers of long contracts than shorts. The options tracker continued that the maximum pain point for the Bitcoin options is $28,000, over $1,900 lower than current spot prices based on current market value. While commenting on Bitcoin options expiry, Greeks Live said Bitcoin continues to lead the market. The platform claimed that the “put share of BTC options is significantly lower, and market sentiment has turned significantly better.” Per the post, the data tracker noted the recent positive stirs within the options market. “Especially in the last two days, the options market picked up significantly as giant whales started to add to their forward call positions,” Greeks Live tweeted. Furthermore, it mentioned that the implied volatility of all major terms…
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